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Labor Market Search, Informality, and On-The-Job Human Capital Accumulation

Bobba, Matteo, Flabbi, Luca, Levy, Santiago and Tejada, Mauricio (2019) Labor Market Search, Informality, and On-The-Job Human Capital Accumulation. Journal of Econometrics. (In Press)

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Abstract

We develop a search and matching model where rms and workers produce output that
depends both on match-specic productivity and worker-specic human capital. The human
capital is accumulated while working but depreciates while searching for a job. Jobs can be
formal or informal. The model is estimated on labor market data for Mexico. Human capital
accumulation is responsible for more than half of the overall value of production, and upgrades more quickly while working formally than informally. Policy experiments reveal that human capital accumulation magnies the negative impact on productivity of the labor market institutions that give raise to informality.

Item Type: Article
Language: English
Date: 2019
Refereed: Yes
Uncontrolled Keywords: Labor market frictions, Search and matching, Nash bargaining, Informality, Onthe Job human capital accumulation.
JEL Classification: J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
J3 - Wages, Compensation, and Labor Costs
J64 - Unemployment - Models, Duration, Incidence, and Job Search
O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements - Legal, Social, Economic, and Political
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 17 Jun 2019 13:52
Last Modified: 02 Oct 2019 23:00
["eprint_fieldname_oai_identifier" not defined]: oai:tse-fr.eu:123116
URI: http://publications.ut-capitole.fr/id/eprint/32555

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